Walmart Inc
Let's look at what the charts indicate for the retail giant's stock, and how it currently maps against Wall Street estimates.
Walmart Stock's Near-Term Appears Bearish
The stock is up 18.18% over the past year, 13.9% year-to-date. It's currently exhibiting a moderately bearish trend with slight selling pressure.
The stock price stands at $59.80, which is below its eight-day simple moving average (SMA) of $60.20, signaling short-term bearishness.
Similarly, the 20-day SMA of $59.89 and the 50-day SMA of $60.17 reinforce the bearish indications, as both averages are higher than the current share price.
However, the stock price remains above the 200-day SMA of $55.49, which suggests long-term bullishness.
The Moving Average Convergence Divergence (MACD) indicator for WMT is 0.08, indicating a bullishness, which contrasts with the short-term bearish signals from the SMAs.
Additionally, the Relative Strength Index (RSI) is at 48.38, suggesting the stock is neither overbought nor oversold. However, the trend appears to be a declining RSI, in which case a breach of the 30 mark could imply a potential reversal or stabilization in the near-term.
Further, we looked into the Bollinger Bands for support to the other technical oscillators. The stock is currently dribbling between the lower and upper bands - not giving out any clear signal.
Overall, while short-term indicators reflect a bearish trend for Walmart stock, longer-term signals and supplementary indicators like the MACD suggest bullish sentiments amid traders.
Walmart Analysts Bullish - See 13%+ Upside
Ratings & Consensus Estimates: The consensus analyst rating on Walmart stock stands at a Buy currently with a price target of $145.38.
Evercore ISI Group, Telsey Advisory Group, and UBS provided the most recent analyst ratings. Their reports, published May 7 onwards, have an average price target of $68 on the stock.
That's an implied 13.66% upside for Walmart stock.
WMT Price Action: Walmart stock was trading at $59.83 at the time of publication.
